Reuters exclusively revealed Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese companies, as part of a landmark deal between the two countries. The post Reuters reveals China sends regulators to Hong Kong to assist U.S. audit inspection appeared first on...
Reuters exclusively reported Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, India’s biggest real estate investment trust, via Indian stock exchange block deals. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the stake that Blackstone is to...
Reuters was first to report Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while reining in its financial service ambitions. The post Reuters reveals Southeast Asia’s Grab sees no big layoffs despite weak market appeared first on...
Reuters exclusively reported India’s long wait to win inclusion in JPMorgan’s influential emerging market debt index is set to be pushed out into next year due to a number of issues New Delhi needs to address. Investors had hoped the green light for inclusion could have come as early as this month after JPMorgan’s index...
Reuters exclusively reported the Taliban have signed a provisional deal with Russia to supply gasoline, diesel and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters. Azizi said his ministry was working to diversify its trading partners and that Russia had offered the Taliban administration a discount to average global...
Reuters was first to report yesterday that a joint venture between India’s Vedanta and Taiwan’s Foxconn has selected Indian Prime Minister Narendra Modi’s home state of Gujarat for its semiconductor project, the first major step in its $20 billion plan. Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat...
Reuters was first to report that a unit of Japan’s Sony Group and India’s Zee Entertainment have proposed offering concessions such as pricing discounts to help ease the concerns of the country’s antitrust regulator over their merger, which will create a $10-billion TV behemoth. The concessions are a bid to iron out antitrust worries of...
Reuters shed light on how China’s ruling Communist Party will set the stage next month for the biggest overhaul of its economic leadership in a decade, with a generation of reform-minded policymakers expected to step down amid worsening growth prospects. Beijing’s once-in-five years reshuffle begins at the party congress that starts Oct. 16, where President...
Reuters was first to report Tesla is reevaluating the way it sells electric cars in China, its second-largest market, and considering closing some showrooms in flashy malls in cities like Beijing, where traffic plunged during COVID restrictions. The post Reuters reveals Tesla weighs reset for China retail strategy even as sales boom appeared first on...
Reuters exclusively reported an offshore bondholders’ group of cash-strapped Kaisa is offering up to $2 billion to acquire stalled housing projects of the Shenzhen-based developer to facilitate their completion. The post Reuters reveals offshore creditors of Chinese developer Kaisa offer $2 bln to take over stalled projects appeared first on Reuters News Agency. Source: Reuters...